Branch² Intelligence
Dollar set for weekly drop as traders cut wagers on rate hikes
Key takeaway
Softer US inflation data reduces Fed rate hike bets, weakening the dollar.
- Step 1Softer US CPI data reduces market expectations for Fed rate hikes.
- Step 2Dollar weakens as traders unwind long dollar positions.
- Step 3US import costs decline, benefiting SMEs that source overseas; US exporters face headwinds from a stronger euro and sterling.
Source: Economic Times Markets
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